Fresh off a broader crypto market resurgence in November, the NFT market is heating up again.
Data from CoinGecko for December shows that the sector’s market capitalization has reached $8.8 billion, up by 17.3% over a week. The same dataset also points to a surge in volume: daily trading across all chains has jumped nearly 48% in the past 24 hours.
This is coming off the tracks of November, which saw $562 million in sales, according to data from CryptoSlam. Looking at the charts, this figure is the highest sales volume that NFTs have seen since May this year, which saw almost $600 million in sales.
Notably, the number of unique buyers for November has dwindled to just 662,000 compared to May, which had over a million.
Blue chip NFTs: by the…
Jan 11 2025
